To meet unexpected financial exigencies or come out of high priced Credit Cards funds, you can avail IDBI Bank’s Personal Loan. Be it a marriage in family, renovation of house, meeting urgent educational / hospitalization expenses or travel abroad At times, personal Loan comes handy while arranging for Earnest Money to apply for a Plot / House, or to manage Margin Money funding to avail of a Home Loan / Loan Against Property.
Personal Loan from IDBI Bank is targeted to the Salaried Individuals and Self Employed Professionals (SEPs)
|Loan Amount||Minimum Rs.50,000/- Maximum Rs 10,00,000|
|Interest Rate||13.25% to 14.25%|
|Tenure||12 to 60 Months|
|Pre Payment Charges||Nil after 6 months, 2% before 6 months|
1% of the loan amount + applicable taxes.
Eligibility Criteria : Personal Loan
|Age||Minimum 22 Years; Maximum age at termination of loan should not be above 60 years or date of retirem||Minimum 22 Years; Maximum age at termination of loan should not be above 60 years or date of retirem|
|Income||Based on the classification of cities the minimum net salary ranges from Rs.15,000 to Rs.25,000||Self Employed Professional: Minimum Rs 240,000 per year for last two FY.|
|Job Experience||6 months in current Job; Total work experience : 24 months||Doctors: Total work experience: 48 months Total medicine practice: 24 months ;Professional: Profit m|
|Residence Proof||Either owned or 6 months; Phone ownership : Required||Either owned or 12 months; Phone ownership : Required|
Docs Required : Personal Loan
|ID Proof||Passport Copy/ Voters ID card/ Driving Licence/PAN Card/Any other valid ID Proof||Passport Copy/ Voters ID card/ Driving Licence/PAN Card/Any other valid ID Proof|
|Address Proof||Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate||Ration card Tel/Elect. Bill/ Rental agr. / Passport copy/Trade licence /Est./Sales Tax certificate|
|DOB Proof||Birth Certificate or 10th Class Passing Certificate||Birth Certificate or 10th Class Passing Certificate|
Self Employed (Doctors / Dentist / Professionals)
Self Employed (Individuals)
Other Charges : Personal Loan
From the date of disbursement up to 6 months – 2% + applicable taxes.
After 6 months the charges are NIL.